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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

Mortgage Calculators for UK Borrowers

Use our simple UK mortgage calculators to get an estimate of monthly mortgage repayments, work out how much you could borrow, and see how interest rate changes and overpaying may affect your mortgage.

Mortgage calculators can help you with almost any repayment and borrowing decision you’ll make regarding a mortgage in the UK. Our easy-to-use mortgage repayment calculator below estimates the monthly repayments you might make on different mortgage rates, amounts and terms.

We also have a:

Mortgage borrowing calculator to work out how much you could borrow on a mortgage,
Mortgage overpayment calculator so you can see how much faster your mortgage could be cleared,
Mortgage interest calculator so you can check how your mortgage repayments could change if interest rates rise or fall, and compare how different interest rates affect your payments,
Buy-to-let mortgage calculator to give you an idea how much you may be able to borrow as a landlord and the rent you need to charge to cover your repayments.

Estimated Mortgage Repayment

The following is a guide to repayments over the full term of the mortgage and assumes your interest rate remains the same for the entire duration.

£1,315.33

Monthly Mortgage Repayment

Loan To Value

90%

Mortgage Term

25 Years

Interest Paid

£169,598.28

Total Paid

£394,598.28

Show less details

Your mortgage debt over time

This calculator is designed to give you a guide on mortgage costs. It also makes certain assumptions to be able to provide calculations over a longer period that will not be reflected in your own mortgage. The actual mortgage you obtain will depend on a number of factors that are specific to your own personal and financial circumstances.

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Compare Mortgages

Tell us what you’re looking for and see current UK mortgages available, including rates, repayments and product information. Continue online to our partner L&C for fee-free mortgage help and advice.

Loan Type

Repayment

Interest Only

Property Value

Mortgage Term

Mortgage Amount

Showing 3 of 50 results

Lender Name

Initial Rate

Monthly Repayments

Product Fees

Annual Cost

Virgin Money

4.36% initial rate
Fixed to 01/09/27
then 7.24% (variable)

Max LTV 90%

£1,233.00
Monthly Repayments

£995.00
Product Fees 6.86% APRC

£15,291.22
Annual Cost

Representative Example
more info

6.86% APRC Max LTV 90%

CHECK IF YOU QUALIFY

Fees and Charges
Booking fee	£0
Arrangement fee	£995
Other fees	£0
Valuation fee	£0
Cashback	£ 0

Flexibility & Other info
Overpayments allowed?	10% p/a
Early Repayment Charge	2.5% reducing to 1.5% until 01/09/27
Exit fee	£99
Basic legals	Payable

Fees and Charges		Flexibility & Other info
Booking fee	£0	Overpayments allowed?	10% p/a
Arrangement fee	£995	Early Repayment Charge	2.5% reducing to 1.5% until 01/09/27
Other fees	£ 0	Exit fee	£99
Valuation fee	£0	Basic legals	Payable
Cashback	£ 0

Representative example A mortgage of £225,000 payable over 25 years, initially on a fixed rate for 2 years at 4.36% and then on a variable rate of 7.24% for the remaining 23 years would require 24 payments of £1,233 and 276 payments of £1,599. The total amount payable would be £471,911 made up of the loan amount plus interest (£245,916) and fees (£995). The overall cost for comparison is 6.9% APRC representative.

Santander

4.37% initial rate
Fixed to 02/10/30
then 6.75% (variable)

Max LTV 90%

£1,234.00
Monthly Repayments

£999.00
Product Fees 5.98% APRC

£14,958.76
Annual Cost

Representative Example
more info

5.98% APRC Max LTV 90%

CHECK IF YOU QUALIFY

Fees and Charges
Booking fee	£0
Arrangement fee	£999
Other fees	£0
Valuation fee	£0
Cashback	£ 250

Flexibility & Other info
Overpayments allowed?	10% p/a
Early Repayment Charge	5% reducing to 1% until 02/10/30
Exit fee	£225
Basic legals	Payable

Fees and Charges		Flexibility & Other info
Booking fee	£0	Overpayments allowed?	10% p/a
Arrangement fee	£999	Early Repayment Charge	5% reducing to 1% until 02/10/30
Other fees	£ 0	Exit fee	£225
Valuation fee	£0	Basic legals	Payable
Cashback	£ 250

Representative example A mortgage of £225,000 payable over 25 years, initially on a fixed rate for 5 years at 4.37% and then on a variable rate of 6.75% for the remaining 20 years would require 60 payments of £1,234 and 240 payments of £1,500. The total amount payable would be £434,789 made up of the loan amount plus interest (£209,040) and fees (£749). The overall cost for comparison is 6.0% APRC representative.

Barclays

4.38% initial rate
Fixed to 30/09/30
then 6.24% (variable)

Max LTV 90%

£1,235.00
Monthly Repayments

£899.00
Product Fees 5.63% APRC

£15,004.00
Annual Cost

Representative Example
more info

5.63% APRC Max LTV 90%

CHECK IF YOU QUALIFY

Fees and Charges
Booking fee	£0
Arrangement fee	£899
Other fees	£0
Valuation fee	£0
Cashback	£ 0

Flexibility & Other info
Overpayments allowed?	10% p/a
Early Repayment Charge	4% until 30/09/30
Exit fee	£80
Basic legals	Payable

Fees and Charges		Flexibility & Other info
Booking fee	£0	Overpayments allowed?	10% p/a
Arrangement fee	£899	Early Repayment Charge	4% until 30/09/30
Other fees	£ 0	Exit fee	£80
Valuation fee	£0	Basic legals	Payable
Cashback	£ 0

Representative example A mortgage of £225,000 payable over 25 years, initially on a fixed rate for 5 years at 4.38% and then on a variable rate of 6.24% for the remaining 20 years would require 60 payments of £1,235 and 240 payments of £1,441. The total amount payable would be £420,839 made up of the loan amount plus interest (£194,940) and fees (£899). The overall cost for comparison is 5.6% APRC representative.

Think carefully before securing other debts against your home. You home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

Important Information:
This mortgage product comparison service is provided by L&C Mortgages. Information is updated up to twice daily from L&C’s whole of market mortgage database, however some products may be excluded such as those only available directly with a lender or specialist products. Products are initially shown in order of initial rate but can be reordered. By selecting to Continue Online you will introduced to L&C Mortgages and their qualified advisors a Nerdwallet brings you this mortgage rate comparison as a guide. Information does not constitute advice or recommendation. Rates should be considered with all fee’s and charges. Mortgage suitability is specific to your own personal and financial circumstances.

Need Advice?

NerdWallet has partnered with L&C, the UK's leading fee free mortgage broker, to offer you expert advice

Call L&C on:
0808 292 0841

NerdWallet UK mortgage calculators

Our free and simple online mortgage calculators can help you estimate and plan, whether you’re a first-time buyer, moving home, remortgaging or involved in buy-to-let.

What is a mortgage calculator?

Mortgage calculators are tools you can use to estimate how much you can borrow on a mortgage and other mortgage costs in different scenarios. There are mortgage calculators that estimate mortgage payments, and calculate how much mortgage repayments will increase or decrease if a mortgage rate changes. Others are designed to calculate how much interest you could save by overpaying on your mortgage, and how much faster you could pay off your mortgage as a result.

Who is a mortgage calculator for?

A mortgage calculator may be used by anyone who has a mortgage or is thinking of taking one out, including:

first-time buyers
homeowners looking to remortgage
home movers
existing homeowners purchasing an additional property
buy-to-let landlords

What information do I need to use a mortgage calculator?

Different mortgage calculators require you to use different information, but some of the details you’ll usually need to have an idea of include:

your income
the amount you want to borrow
your current and potential new mortgage rates
the mortgage term over which you’ll repay your mortgage
the value of the property you’re buying

» MORE: Check on current mortgage rates

Do mortgage calculators involve credit checks?

No. Our mortgage calculators are a guide to costs only.

A hard credit check that has the potential to affect your credit score is only carried out by a mortgage lender once you’ve completed a full mortgage application and given permission for it to happen. A soft credit check may be carried out when getting a mortgage in principle, but it won’t impact your credit score.

What will my mortgage repayments be?

Your monthly mortgage repayments will depend on the size of your mortgage, your mortgage rate, and the period of time – or mortgage term – over which you intend to pay off your entire mortgage. You can use our mortgage repayment calculator to help you work out how much your mortgage payments may be.

How much mortgage can I afford to borrow?

How much you could borrow through a mortgage will depend on several factors. Each lender has its own criteria for calculating how much they may be willing to lend to you. Your income, outgoings, employment status, credit score and deposit all usually affect the mortgage you can afford. Our mortgage borrowing calculator can give you an idea of the mortgage you may be able to get, but it is just a guide.

How much deposit do I need for a house?

Typically you’ll need a minimum deposit of 5% of a property’s value to get a mortgage. Having a larger deposit, and therefore a lower loan-to-value, usually gives you access to better mortgage rates and deals.

» MORE: How much deposit do you need for a mortgage?

What types of mortgages can you get?

The main mortgage types you can get include:

Fixed-rate mortgages: The interest rate on a fixed-rate mortgage stays the same for a certain number of years. This means that your mortgage repayments remain the same until the fixed-rate deal period ends.
Tracker rate mortgages: The rate on a tracker mortgage is usually a set amount above the Bank of England base rate, and will automatically track any changes to the base rate. This means your repayments have the potential to rise and fall.
Standard variable rate (SVR): When an initial rate period ends, such as that on a fixed-rate deal, most lenders will switch you onto their standard variable rate, or SVR, unless you remortgage to a new deal. SVRs are often higher than the rate available on other mortgages and lenders can change them when they want.
Discount mortgages: With a discount mortgage, the rate you pay tracks a lender’s SVR but is discounted for a set period of time.
Offset mortgages: An offset mortgage allows you to offset your savings or other credit balances against your mortgage to lower the amount of interest you need to pay.
Interest-only mortgages: With an interest-only mortgage, monthly repayments are lower because you only pay your mortgage interest. However, this leaves the original mortgage amount to be paid back in full at the end of the mortgage term.

Can a mortgage calculator help to find the best mortgage deals?

Mortgage calculators can help you work out the amount of mortgage you can afford and how different mortgage rates may affect your repayments. However, to find a specific mortgage deal you’ll need to shop around. Speaking to a mortgage adviser is a good way to help you find the best deals for your financial circumstances, or you may be confident to do your own research.

» MORE: Best mortgage lenders

Typically you may be allowed to borrow somewhere between 4 and 5.5 times your salary, but it will depend on the lender and your circumstances. Lenders must make sure you can afford a mortgage, so will also consider factors such as your monthly outgoings, deposit and outstanding debt to calculate the mortgage you can borrow.

The amount you can borrow depends on your salary, and most UK lenders offer mortgages for at least 4.5 times your income. This means you’d need to earn around £45,000 to get a £200,000 mortgage.

The better your credit score the more likely you’ll be offered a mortgage. Having a good credit score suggests to lenders that you’re someone who can generally be relied upon to pay back anything you borrow or owe when you should.

» MORE: What credit score is needed to get a mortgage?

The decision is ultimately yours but think carefully whether you need to. Consider whether it would be affordable in practice, or if it may stretch your finances too far. Also think about the future, and the effect that having children, higher interest rates or losing your job could have on your ability to cover your mortgage repayments and live comfortably. Not paying your mortgage can lead to penalties or, eventually, perhaps losing your home to repossession.

Dive even deeper

What Credit Score Do You Need for a Mortgage?